Schaeffler India Board of Directors has approved the acquisition of 100% shares of KRSV Innovative Auto Solutions Private Limited (Koovers), a Bengaluru-based private limited company offering spare parts solutions to Indian after market workshops via a B2B e-commerce platform.
This acquisition presents an ideal synergy for Schaeffler's future aftersales activities in India. It will be a key enabler for the aftermarket ecosystem, including distribution partners and help to play an important role in the fast growing and evolving after market digital landscape, the company said.
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